STX Pan Ocean Co., South Korea’s biggest bulk-shipping line, rose to the highest in more than a month in Singapore trading after securing its largest contract to move iron ore from Vale SA.

STX Pan Ocean gained as much as 9.5% to S$14.56 and changed hands at $14.40 at 10:25 a.m., taking the year-to-date advance to 60%. The benchmark Straits Times index added 0.8%.